How big is the AI Market In Sports Industry?

The AI Market In Sports Industry size is expected to reach USD 5.93 billion in 2024 and grow at a CAGR of greater than 28.69% to reach USD 20.94 billion by 2029. Read More

What is the current AI Market In Sports Industry size?

In 2024, the AI Market In Sports Industry size is expected to reach USD 5.93 billion. Read More

Who are the key players in AI Market In Sports Industry?

SAS Institute Inc., Opta Sports (Perform Group), Sportsradar AG, IBM Corporation and SAP SE are the major companies operating in the AI Market In Sports Industry. Read More

Which is the fastest growing region in AI Market In Sports Industry?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI Market In Sports Industry?

In 2024, the North America accounts for the largest market share in AI Market In Sports Industry. Read More

What years does this AI Market In Sports Industry cover, and what was the market size in 2023?

In 2023, the AI Market In Sports Industry size was estimated at USD 4.61 billion. The report covers the AI Market In Sports Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI Market In Sports Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AI in Sports Market - Artificial Intelligence

AI in Sports Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Artificial Intelligence Market in Sports is Segmented by Application (Player Analysis, Fan Engagement, Data Interpretation & Analysis, and Other Applications), Deployment (On-Premises and Cloud) and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Artificial Intelligence (AI) in Sports Industry Overview

The Artificial Intelligence Market in Sports is highly consolidated, with a few major players dominating the market share. However, the proliferation of technology in sports is expected to create new opportunities, attracting new players. Some recent developments in the market include:

October 2023 - IBM and ESPN have announced to use of AI models built with Watsonx to transform fantasy football data into insight the models are expected to produce more than 48 billion insights for fantasy managers this year, everything from recommending mutually beneficial trade opportunities to identifying waiver wire players that are best suited to meet a team’s specific needs.
October 2022 - Veritone, a leader in AI, introduced Sport X, an intelligent marketplace that allows content creators and rights holders to license short-form sports content to third parties. Sport X automatically sends rights-cleared, indexed, and metadata-rich video to media buyers, enabling them to use it for editorial purposes, highlights, or digital content. This includes news, social media posts, and user-generated content.